Affordable for who?
July 16, 2010There have been conflicting media reports about whether Mayor Fenty ever signed anything guaranteeing truly affordable housing at Parcel 42 (meaning: for families making less than 50% AMI, or less than about $50,000/yr). Yesterday reporters from the City Paper and Street Sense, among others, were shown the original Memorandum of Understanding and Tiered Income Pro-Forma agreed to by (then-)Deputy Mayor Neil Albert. The Pro-Forma makes clear that the housing would be priced for families making from 20%-50% AMI, and would include three- and four-bedroom units.
And in case there were any doubt, DCmud points out that the official DC government website for Parcel 42 still maintains the new housing will be 100% affordable for families making less than 50% AMI.
